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AmEx profits plunge as travel spending comes to a standstill

By: Ken Sweet
Source: The Associated Press
Date of Publication: October 23rd, 2020
American Express’ fourth-quarter profits dropped by 39%, the credit card giant said Friday, as the pandemic’s deep impacts on travel, entertainment and dining dramatically impacted the company’s results.
Jobless claims head higher: 898,000 Americans filed for unemployment benefits

Jobless claims head higher: 898,000 Americans filed for unemployment benefits

By: Anneken Tappe and Tami Luhby
Source: CNN Business
Date of Publication: October 15th, 2020
Americans filed another 898,000 first-time jobless claims last week on a seasonally-adjusted basis, according to the Department of Labor. That's more than economists had expected and up 53,000 from the prior week.
Wall Street to follow COVID-mired Europe lower

Wall Street to follow COVID-mired Europe lower

By: Hue Jones
Source: Reuters
Date of Publication: October 14th, 2020
Wall Street was set to follow a tumbling Europe lower on Thursday, as reassuring earnings from bank heavyweight Morgan Stanley were overshadowed by the failure of U.S. policymakers to agree a fiscal boost to counter fallout from COVID-19.
Wells Fargo cuts more jobs as part of earlier cost-cutting drive

Wells Fargo cuts more jobs as part of earlier cost-cutting drive

Source: Reuters
Date of Publication: October 7th, 2020
Wells Fargo & Co WFC.N has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.
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U.S. weekly jobless claims inch lower, but remain stubbornly high

U.S. weekly jobless claims inch lower, but remain stubbornly high

By: Dan Burns
Source: Reuters
Date of Publication: October 8th, 2020
The number of Americans filing new claims for jobless benefits inched down last week, signaling the U.S. labor market is making little fresh headway in getting millions of people back on the job after being out of work due to COVID-19 disruptions.
Touchless lattes and self-service kiosks: office break rooms go virus-proof

Touchless lattes and self-service kiosks: office break rooms go virus-proof

By: Nivedita Balu, Siddharth Cavale
Source: Reuters
Date of Publication: September 29th, 2020
Out with grimy microwaves and sticky coffee machines with worn-out buttons, in with stylus pens, QR codes, no-touch water coolers and mobile apps that pick what brew the machine will make for you.
M&A spikes in record third quarter as boards go on pandemic deal spree

M&A spikes in record third quarter as boards go on pandemic deal spree

By: Pamela Barbaglia, Joshua Franklin
Source: Reuters
Date of Publication: September 30th, 2020
Mergers and acquisitions came back with a bang in the third quarter as executives rushed to revisit deals left on hold at the height of the coronavirus pandemic and boardrooms regained confidence after a roller-coaster year.
Goldman Sachs to go ahead with 'modest' job cuts after coronavirus pause

Goldman Sachs to go ahead with 'modest' job cuts after coronavirus pause

Source: Reuters
Date of Publication: September 30th, 2020
Goldman Sachs Group Inc GS.N plans to move forward with "a modest number of layoffs", a company spokesperson said on Wednesday, months after the Wall Street bank paused job cuts due to the COVID-19 pandemic.
Big U.S. banks to report profit plunge as pandemic recession takes hold

Big U.S. banks to report profit plunge as pandemic recession takes hold

By: David Henry
Source: Reuters
Date of Publication: October 1st, 2020
As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.
BlackRock may never bring 100% of staff to office after coronavirus _ Fox Business

BlackRock may never bring 100% of staff to office after coronavirus

By: Jonathan Garber
Source: Fox Business
Date of Publication: September 17th, 2020
BlackRock Inc. may never fully return to its pre-coronavirus routine after measures to prevent the disease's spread forced employees to work from home, according to CEO Larry Fink.